Cardano's Midnight project is seen as the latest in a series of mass deployments.
Input Output's Midnight project aims to connect different networks through a decentralized privacy model; Falling Glacier attempts to turn the #token distribution scenario upside down.
Cardano's Midnight is being hailed as a fourth-generation #blockchain designed to solve the problem of decentralized privacy. By addressing the lack of privacy in the blockchain, Midnight is intended to pave the way for wider enterprise adoption and mass market use.
Input Output has been working on Midnight for six years, but only recently have details begun to emerge. Charles Hoskinson revealed that holders of major cryptocurrencies will receive Midnight tokens in an upcoming glacial reset, which has generated a lot of anticipation.
While Midnight is entering the network testing phase, Mr. Hoskinson revealed at Token2049 in Singapore that the project will include a glacial reset to distribute tokens to 135 million accounts on major crypto networks. He explained that users will mine tokens if they want them, and that the Midnight network will be launched through this participatory process.
Hoskinson emphasized that the Glacier reset represents a shift from the previous reset, when tokens were only distributed to insiders. Insiders often receive cheap tokens with plans to later distribute them to retail investors.
Elan Barak, Midnight's CEO, recently confirmed that the project is growing under the guidance of the community. He stated that 100% of the available tokens will be distributed to retail users on major cryptocurrency networks, reaffirming Midnight's commitment to a fair distribution model that does not favor insiders.
The exact details of who is eligible to participate and which circuits are considered "core networks" remain unclear, but Stake With Pride, operator of the Stake Pool, recently shared what is believed to be an allocation model.
Read us at: Compass Investments